Sri Lanka, Feb. 10 -- Following the relaxation of import bans in 2025, the initial massive wave of vehicle imports is slowing down due to heavy buying, new laws and market saturation, Customs Director General Seevali Arukgoda said.

He said due to this, there is a tendency for vehicle imports to decline in the coming months. Stating that under the current legal conditions, imported vehicles must be sold within three months, and that a fine of three percent of the value of the vehicle will be levied on vehicles that cannot be sold beyond that period. As a whole, he said, the import of goods into the country may decrease to some extent in February and March,

due to the closure of ports and trade centres in China for about three weeks for t...